• Target Price: RM0.810, RM0.845
• Last closing price: RM0.750
• Potential return: 8.0%, 12.6%
• Support: RM0.725
• Stop Loss: RM0.710

Possible for bottom fishing. YTLPOWR is bottoming out from its consolidation phase in tandem with the formation of bullish reversal chart pattern on a weekly basis. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.810 be broken, it may continue to lift price higher to subsequent resistance level of RM0.845.

However, failure to hold on to support level of RM0.725 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 17 Sept 2019